NASDAQ$HSII
Heidrick & Struggles International Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Delivered strong revenue performance with robust profitability. Restructuring for accelerated growth implemented in the quarter.
Heidrick & Struggles reported a strong second quarter with net revenue growing to $278.6 million, driven by all businesses. Adjusted EBITDA was $28.8 million with a margin of 10.3%. The company also implemented restructuring for accelerated growth during the quarter.
- Net revenue grew to $278.6 million driven by all businesses
- Adjusted EBITDA was $28.8 million
- Adjusted EBITDA margin was 10.3%
- Declared $0.15 Per Share Cash Dividend
Headline financials
Revenue & EPS history
Heidrick & Struggles · Revenue · Quarterly
$279M
Revenue by segment
Heidrick & Struggles · $263M total across 3 segments · Q3 2023
- Executive Search$199M-6.6%75.5%
- On-Demand Talent$41.1M+76.6%15.6%
- Heidrick Consulting$23.3M+21.8%8.9%
Forward guidance
The Company expects 2024 third quarter consolidated net revenue of between $260 million and $280 million, while acknowledging that continued fluidity in external factors may impact quarterly results.
Tailwinds
- Based on the average currency rates in June 2024
- Reflects management's assumptions for the anticipated volume of new Executive Search confirmations
- Reflects management's assumptions for the anticipated volume of new On-Demand Talent projects
- Reflects management's assumptions for the anticipated volume of Heidrick Consulting assignments
- Reflects management's assumptions for consultant productivity and retention
Headwinds
- Continued fluidity in external factors
- Foreign exchange and interest rate environments
- Foreign conflicts
- Inflation
- Macroeconomic constraints on pricing actions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q2 2024
+2.0%
Avg return
Earnings day
+10.0%
Avg return
5 days after
+10.5%
Avg return
30 days after
58%
37 / 64 earnings
Positive
+27.6%
Q4 2018
Best reaction
-19.4%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.0% | -0.0% | +0.3% | |
| Q2 2025 | +4.8% | +3.8% | +15.9% | |
| Q1 2025 | +3.8% | +8.2% | +11.4% | |
| Q4 2024 | +12.3% | +18.0% | +4.1% | |
| Q3 2024 | +7.6% | +20.7% | +16.7% | |
| Q2 2024 | +14.3% | +6.1% | +6.4% | |
| Q1 2024 | -1.4% | +8.3% | +16.6% | |
| Q4 2023 | +16.5% | +15.2% | +12.6% | |
| Q3 2023 | +7.6% | — | — | |
| Q2 2023 | +3.8% | — | — | |
| Q1 2023 | -11.1% | — | — | |
| Q4 2022 | +14.8% | — | — | |
| Q3 2022 | -5.4% | — | — | |
| Q2 2022 | +1.5% | — | — | |
| Q1 2022 | -19.4% | — | — | |
| Q4 2021 | -5.6% | — | — | |
| Q3 2021 | +2.1% | — | — | |
| Q2 2021 | +3.0% | — | — | |
| Q1 2021 | +7.7% | — | — | |
| Q4 2020 | +8.6% | — | — | |
| Q3 2020 | +9.0% | — | — | |
| Q2 2020 | +1.1% | — | — | |
| Q1 2020 | -3.5% | — | — | |
| Q4 2019 | -18.6% | — | — | |
| Q3 2019 | +1.3% | — | — | |
| Q2 2019 | -3.1% | — | — | |
| Q1 2019 | -8.5% | — | — | |
| Q4 2018 | +27.6% | — | — | |
| Q3 2018 | +25.5% | — | — | |
| Q2 2018 | +18.2% | — | — | |
| Q1 2018 | +18.4% | — | — | |
| Q4 2017 | +1.2% | — | — | |
| Q3 2017 | +15.7% | — | — | |
| Q2 2017 | -10.6% | — | — | |
| Q1 2017 | -15.9% | — | — | |
| Q4 2016 | +13.7% | — | — | |
| Q3 2016 | -13.4% | — | — | |
| Q2 2016 | +19.7% | — | — | |
| Q1 2016 | -16.6% | — | — | |
| Q4 2015 | -0.4% | — | — | |
| Q3 2015 | +26.4% | — | — | |
| Q2 2015 | -6.1% | — | — | |
| Q1 2015 | +4.2% | — | — | |
| Q4 2014 | +2.3% | — | — | |
| Q3 2014 | -4.7% | — | — | |
| Q2 2014 | +5.6% | — | — | |
| Q1 2014 | -2.3% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +0.3% | — | — | |
| Q2 2013 | +2.6% | — | — | |
| Q1 2013 | +11.6% | — | — | |
| Q4 2012 | -17.6% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q2 2012 | -14.8% | — | — | |
| Q1 2011 | -5.6% | — | — | |
| Q1 2012 | -0.8% | — | — | |
| Q4 2009 | +2.7% | — | — | |
| Q4 2011 | +2.7% | — | — | |
| Q3 2010 | +1.2% | — | — | |
| Q3 2011 | +1.2% | — | — | |
| Q2 2011 | -2.2% | — | — | |
| Q2 2010 | -2.2% | — | — | |
| Q4 2010 | -2.2% | — | — | |
| Q1 2010 | -4.0% | — | — |
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